The Yankees got the bill for their share of the luxury tax yesterday, and it's a whopper.

According to figures obtained by The Associated Press, the Yankees, whose payroll was a record $187.9 million, must pay $25,062,352 in luxury tax. The Yankees also estimate a $60 million revenue-sharing payment they must send to the commissioner's office by the end of next month.

The Red Sox and Angels will add another $4 million to the luxury tax pool. According to this summary of the CBA:

Luxury tax money to be used for player benefits, the industry growth fund, or player development in countries lacking organized high school baseball. The owners had originally demanded a 50% luxury tax on payrolls over $98 million.

That's a good chunk of money to promote baseball. I bet if the money had gone to clubs at the lowest end of the payroll spectrum, the Boss would be less willing to pay the tax.

The $60 million revenue sharing payment will go to other clubs, but I'm not sure how much. What I don't know is if that includes shared local revenue as well as Central Fund Revenue sharing. But it looks like clubs at the lower end of the financial ladder will be receiving a few million dollars each, enough to keep a few good youngsters around.